London tops this year's European hotel investment league, as single asset transactions along with the sale of hotel development sites in the UK's capital have boosted.
As in 2011, the majority of investment in overall in Europe has been based in the UK, where volume reached more than 1 000 000 000 euro (800 000 000 pound sterling), 46% of overall single asset investment European volume. In London some 12 hotels changed hands including the four-star Cavendish London for just under 200 000 000 euro (160 000 000 pound sterling).
Source: http://www.hospitalitynet.org/news/4057754.html